Short Term Trading Member Forum

[techcharter]

TMV - Promising

Direxion Daily 20+ Year Treasury Bear 3X Shares (ETF)

TMV looks like a long term bottom is being formed. Since its inception in April 2009, the price as been declining while volume increased. This sounds like a typical selloff. In August of 2010, however, volume continued to grow as the price rose. This sounds like a genuine rally. From February 2011 until present both the volume and price have declined. This indicates accumulation. TMV should be good long term play with price to rise above $50.


http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=tmv&time=10&startdate=1%2F4%2F1999&enddate=7%2F13%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9&x=60&y=14